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Calculate the price of a 6.5 percent coupon done with 27 years left to maturity and a market interest rate of 5 percent. (Assume interest

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Calculate the price of a 6.5 percent coupon done with 27 years left to maturity and a market interest rate of 5 percent. (Assume interest payments are semiannual and par value is $1,000 Is this a discount or premium bond? $982.03 discount $1, 010.59; discount $1.220.93 $1.315.62

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